Caroline is an unmarried single mother of a 14 year old son in 2020. Caroline's spouse and the son's father, Frank, died during 2018. Caroline's Adjusted Gross Income for 2020 is 54,000. Caroline's itemized deductions are $10,000. What is Caroline's computed Income Tax Liability for 2020 BEFORE CONSIDERING ANY TAX CREDITS? Enter your numerical answer under the following format: 1) DO NÓT USE A DOLLAR SIGN; 2) DO NOT USE A COMMA SEPARATOR FOR THOUSANDS IF APPLICABLE; 3) DO NOT USE DECIMALS IN YOUR FINAL ANSWER. ROUND UP TO THE NEAREST DOLLAR ANY DECIMAL AMOUNT.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Caroline is an unmarried single mother of a 14
year old son in 2020. Caroline's spouse and
the son's father, Frank, died during 2018.
Caroline's Adjusted Gross Income for 2020 is
54,000. Caroline's itemized deductions are
$10,000. What is Caroline's computed Income
Tax Liability for 2020 BEFORE CONSIDERING
ANY TAX CREDITS?
Enter your numerical answer under the
following format:
1) DO NOT USE A DOLLAR SIGN;
2) DO NOT USE A COMMA SEPARATOR FOR
THOUSANDS IF APPLICABLE;
3) DO NOT USE DECIMALS IN YOUR FINAL
ANSWER. ROUND UP TO THE NEAREST
DOLLAR ANY DECIMAL AMOUNT.
Transcribed Image Text:Caroline is an unmarried single mother of a 14 year old son in 2020. Caroline's spouse and the son's father, Frank, died during 2018. Caroline's Adjusted Gross Income for 2020 is 54,000. Caroline's itemized deductions are $10,000. What is Caroline's computed Income Tax Liability for 2020 BEFORE CONSIDERING ANY TAX CREDITS? Enter your numerical answer under the following format: 1) DO NOT USE A DOLLAR SIGN; 2) DO NOT USE A COMMA SEPARATOR FOR THOUSANDS IF APPLICABLE; 3) DO NOT USE DECIMALS IN YOUR FINAL ANSWER. ROUND UP TO THE NEAREST DOLLAR ANY DECIMAL AMOUNT.
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